Foreclosurepedia ::::: Leonard Insurance Underwriter Chubb Pulls The Plug On NAMFS Spurious Insurance Claims

Leonard Insurance Services, acquired by AssuredPartners, Inc., has announced that their underwriter, Chubb, will no longer carry either General Liability or Errors and Omissions for anyone in the Mortgage Field Services Industry. Sources speaking on condition of anonymity cited enormous losses with respect to the Industry. While not surprising to anyone whom is familiar with how National Association of Mortgage Field Services (NAFS) members utilize spurious insurance claims to bolster their bottom line, the refusal of Chubb to continue underwriting the Industry in light of the enormity of their fund.

Chubb has found the exposure to liability equally as unacceptable as Foreclosurepedia. And we predict that soon, if NAMFS members are continued to allow to file spurious claims, there will be no insurance available to the misclassified employees whom are not even capable of paying the useless insurance available to them now.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s